wiiw Current Analyses and Forecasts
Serbia: Fiscal and other worries
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 111-113
In Serbia, prospect for this year will depend on the measures that will be taken before the summer recess. If the intended cuts in public spending materialise, that will affect negatively this year’s growth, which in any case was not projected to be much faster than 2% and may be lower now. In the medium term, persistent fiscal and current account worries will make growth depend on exports and foreign investments. Those may keep recovering slowly, but a significant speed-up of growth is not very likely.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: SEE, Serbia